| Element List | Explanation |
|---|---|
| Date of Announcement of the Award | 2020-12-22 Corresponding to 1442-05-07 |
| Contract Subject Matter | Provide Motor insurance services |
| Date of Signing the Contract | 2020-12-22 Corresponding to 1442-05-07 |
| Contract Value | More than 5% of the total annual GWP |
| Contract Details | AXA Cooperative Insurance Company announces that, by Tuesday 22 December , 2020, it was received confirmation from Abdul Latif Jamel United Finance Company and the United Instalment Sales Company Limited will renew their contracts for the provision of Motor insurance services owned by Abdul Latif Jamel United Finance and the United Company for Sale in Installments for a period of one calendar year starting from January 1, 2021. The company expects that the total value of the contracts resulting from this accreditation will exceed 5% of the total written premiums of AXA Cooperative Insurance Company and will be reflected in the financial position of the Company for the financial year 2021. |
| Contract Duration | One Gregorian year |
| Financial Impact and the Relevant Period | The financial impact of the policy will appear in the financial results of the year 2021 |
| Related Parties | There are no related parties. |
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